STEEM POSSIBLE DESCENDING TRIANGLE

in #steem6 years ago

Touch the 3.27 support zone and bounce, will it continue to test the second/third time ? steem tends to follow big brother bitcoin movement and btc if the new green channel is valid, likelihood for a short rally and steem might follow. Possible descending triangle forming, as it consolidate within waiting for breakout 4-6 days, can be up or down side.
Screen Shot 2018-05-10 at 9.26.24 am.png

Short term moving average : still on downtrend
RSI : -
SBD/STEEM : 0.832 , been down extended
Weekly Timeframe : -
Screen Shot 2018-05-10 at 9.26.56 am.png

Disclaimer : This is not financial advice, it's all based on my personal biased opinion. Do your own research and put in the amount you can afford to lose.

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